Paramount Global (NASDAQ: PARA) on Monday, plunged -2.91% from the previous trading day, before settling in for the closing price of $10.66. Within the past 52 weeks, PARA’s price has moved between $9.54 and $15.70.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 1.92%. The company achieved an average annual earnings per share of 250.06%. With a float of $591.55 million, this company’s outstanding shares have now reached $626.00 million.
Considering the fact that the conglomerate employs 21900 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 29.97%, operating margin of 3.8%, and the pretax margin is -20.37%.
Paramount Global (PARA) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Paramount Global is 11.31%, while institutional ownership is 72.50%. The most recent insider transaction that took place on Nov 12 ’24, was worth 973,047. In this transaction Office of the CEO of this company sold 85,355 shares at a rate of $11.40, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Trustee is Officer proposed sale 85,355 for $11.40, making the entire transaction worth $973,124.
Paramount Global (PARA) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 250.06% per share during the next fiscal year.
Paramount Global (NASDAQ: PARA) Trading Performance Indicators
Paramount Global (PARA) is currently performing well based on its current performance indicators. A quick ratio of 1.10 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.26. Likewise, its price to free cash flow for the trailing twelve months is 9.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.89, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.50 in one year’s time.
Technical Analysis of Paramount Global (PARA)
Compared to the last year’s volume of 14.52 million, its volume of 11.46 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.77%. Additionally, its Average True Range was 0.33.
During the past 100 days, Paramount Global’s (PARA) raw stochastic average was set at 23.05%, which indicates a significant increase from 1.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.20% in the past 14 days, which was lower than the 32.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.83, while its 200-day Moving Average is $11.16. Nevertheless, the first resistance level for the watch stands at $10.56 in the near term. At $10.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.88. If the price goes on to break the first support level at $10.24, it is likely to go to the next support level at $10.12. Should the price break the second support level, the third support level stands at $9.92.
Paramount Global (NASDAQ: PARA) Key Stats
Market capitalization of the company is 7.39 billion based on 666,975K outstanding shares. Right now, sales total 29,652 M and income totals -608,000 K. The company made 6,731 M in profit during its latest quarter, and 1,000 K in sales during its previous quarter.
